Proceedings of the International scientific and practical conference ―Cambridge Science and Education Conference‖ (May 15-17, 2026) / Publisher website: www.naukainfo.com. - Cambridge, United Kingdom, 2026. - 429 p.

24 For any modern state, its financial policy is a tool, first of all, to ensure the proper dynamics of social development. Increasing its efficiency and effectiveness, which is based on balancing the interests of the state, business entities, taking into account the needs of each person/individual and certain social groups, as well as the peculiarities of the functioning of local government. To this end, the state's financial policy is aimed at fulfilling the tasks of increasing economic growth, as well as achieving a high level and quality of life for the population regardless of the place of residence of citizens. In essence, these goals correspond to the main tasks and priorities of most governments of civilized countries of the world, as well as to the global, universal principles and social standards approved and recognized at the UN level. The priority goal of financial policy is always to ensure the level of optimization of GDP distribution, which would contribute to economic growth and improvement of citizens' well-being. That is, this policy in the classical sense always has a clear vector of actions, and its implementation is a compromise between the capabilities and needs of the national economy [1, р.21]. An important condition for the above dynamics is the formation and implementation of financial policy, taking into account the tools, levers, and methods for the state to perform its main functions in ensuring sustainable dynamics of social development. According to T.V. Kaneva, financial policy is a complex and responsible process that includes such policies as: budget, tax, monetary, investment, currency, insurance, depreciation, customs, financial management and financial control. Each of them uses instruments for regulating the financial mechanism and is an integral element in the process of regulating macroeconomic stability and the efficiency of the distribution of financial resources [2, p.194]. During the formation of such a financial policy and in the process of state regulation of the development of society, it is important to adhere to the basic principles: efficiency, effectiveness, systematicity, openness, adaptability. These principles, in essence, ensure its effectiveness, transparency and social orientation.